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is the economic catastrophe that would occur with the simultaneous expiring of the bush tax cuts and deep across-the-board spending cuts that congress scheduled to kick in january 1 so congress couldn't negotiate a fiscal solution by january 1. confused? let me put it in terms of a 21st century analogy that can crystallize the point of it. pretend america is a successful railroad company. that has fallen on some hard fiscal times. there's an argument within the company about whether to make some changes to the dining car offering, maybe cut fares for less wealthy riders or on the other side of the argument where trains themselves are steel beasts that stalin invented to kill freedom and martha washington. this is clearly a large gap to bridge in negotiations they added what we call in the movie business the ticking clock in the form of a dam sell tied to the track. the damsell in this case representing our entire economy. yes, we tied a woman to the track. to force us to deal with the train. so the stage was set for serious people to arrive at a serious solution. seriously. >> a lot of partisan
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